NYDFS
Last updated
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Regulated Brokers
Country
United StatesJurisdiction
New York, United States
Tier
Tier 1
Highest level of investor protection with strict capital requirements and segregated client funds.
Max Leverage
No mandated cap
This regulator does not publish a mandated retail leverage limit.
Official Website
dfs.ny.gov
The New York Department of Financial Services BitLicense is the most stringent state-level crypto-specific licence in the United States. Introduced in 2015, the BitLicense framework requires any entity transmitting, exchanging, or holding virtual currency on behalf of New York residents to obtain authorisation from NYDFS - a process that involves exhaustive capital adequacy reviews, cybersecurity audits, AML/BSA compliance programmes, and ongoing regulatory reporting. The licence is categorically different from FinCEN registration, which is a baseline federal anti-money-laundering requirement; a BitLicense holder has passed a far more demanding supervisory standard. Only a handful of exchanges hold a BitLicense, including Coinbase and Kraken, making it the gold standard for US-regulated crypto exchange infrastructure. For investors in the US - particularly institutional participants - a BitLicense is the clearest indicator that an exchange has undergone serious regulatory scrutiny.
Verify on official register
Check a broker's licence status directly on NYDFS's public register.
NYDFS Regulated Forex Brokers
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NYDFS is classified as a Tier 1 regulator. Highest level of investor protection with strict capital requirements and segregated client funds.
We currently list 0 forex brokers regulated by NYDFS. The full list is shown above, sorted by overall trader rating.
NYDFS is based in United States and covers the New York, United States jurisdiction. As a Tier 1 regulator, it enforces strict capital adequacy, client fund segregation, and compensation schemes, making it one of the safest options for retail traders.
Visit the official NYDFS website and use their public register or licence verification tool. Enter the broker's registered name or licence number to confirm its status. This is the most reliable way to check a broker's regulatory standing.
Compensation availability depends on the specific rules of NYDFS in United States. Tier 1 regulators typically operate investor compensation schemes covering a portion of client funds. Check the regulator's official guidance for current limits and eligibility criteria.